The Humber & North Yorkshire Procurement Collaborative partners with Elcom Systems to implement a spend management platform, resulting in projected savings of over £15 million annually.
Comprising three NHS trusts in the northeastern region, the collaborative has streamlined their procurement processes into a single operation, leveraging integrated technology to drive efficiencies. The implementation includes sourcing software for faster supplier quotations, integrated procurement software interfacing with finance programs, inventory management capabilities, and shared product catalogues.
Director of Procurement, Edd James, highlights the potential for significant cost savings and improved efficiency through better systems and standardized governance practices. The collaborative expects to enhance purchasing power, negotiate better prices with suppliers, and reduce administrative burdens associated with invoicing.
With a cloud-based procurement solution, the collaborative aims to standardize processes, improve visibility of requirements, and drive down costs. Reference checks from other Elcom clients, including government and NHS trusts, further validate the benefits of the platform.
Ian Slaughter, VP of product at Elcom, emphasizes the potential impact of the collaborative’s adoption of the platform, stressing the importance of efficient procurement and supply chain functions in healthcare settings. The partnership aims to demonstrate how technology can deliver substantial time and cost savings, allowing resources to be redirected towards patient care.
